Too many negative factors on your credit rating can make it extremely difficult to obtain a mortgage or loan. Unfortunately, once negative information lands on your credit report, it can remain on for at least seven years and be very difficult to remove. There are a few ways you can …
Your Credit Rating: 5 Factors that Negatively Impact It
Lenders look for things that negatively impact your credit rating. They determine your credit risk based on your credit score as it’s the easiest way for them to determine your ability to pay back credit cards or loans. The 2 national credit bureaus used by consumers to determine their own …